Secured Credit Card Application
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Details Of The Orchard Bank Secured Credit Card Application
Author: Joshua Shapiro
When someone has a limited or a rather poor credit history, they may want to look into the Orchard Bank Secured Credit Card. Offered through HSBC Bank Nevada, N.A. this MasterCard is just what those who are looking to restore and re-establish their credit could use.
The annual fee of the Orchard Bank Secured Credit Card is quite reasonable at . The variable APR of 15.90% is an average rate for such a card. The variable APR on cash advances, however, jumps significantly to 23.40%! The finance charges are applied to any purchases that are not paid for within the first 25 days, and there are charges for other services like cash advances. The maximum deposit allowed on the Orchard Bank Secured Credit Card is ,000, and the minimum deposit is 0. Late payment and over the limit fees are each time they occur.
One thing to note when you are looking at the Orchard Back Secured Credit Card: minimum caps do apply to the APRs for both purchases and cash advances. No matter what the Prime Rate is, even if it falls to low levels, the APR on this card will not go below the minimum rate.
Secured Credit Card Application
There are perks to the Orchard Bank Secured Credit Card that you won't always find on cards of this type, though. The card provides cardholders with services and benefits like online account access, emergency card replacement, and other various fraud protection services. You also do not have to pay an application fee when you apply for this MasterCard.
So, if you plan to pay off your balances, this card can help you to build or re-establish a positive credit history. With a low annual fee and no application fee, cardholders can expect to pay for their Orchard Bank Secured Card every twelve months.
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Has anyone heard of NATIONAL CITY bank? They sent me a GUARANTEED Secured credit card application and I want?
NATIONAL CITY BANK sent me a GUARANTEED SECURED Credit Card Application but they seem to want alot of money and info about me UP FRONT. Has anybody heard if they’re a ripoff?
National City is a major bank, at least in my part of the US. ALL secured credit cards require a deposit. You open a savings account and pledge the balance as security in case you don’t pay the bill on your card. Your credit limit is usually the same as the amount deposited. They are basically letting you borrow your own money and reporting payments to the credit bureaus.
How long does it take a credit card company to process a credit card application?
I just submitted an application for a secured credit card about a week ago and the credit card company debited the $200 from my checking account that I would need for a security deposit and I still haven’t received my credit card yet. When do you expect that I should receive my credit card?
7 to14 days it does depend on a number of things
What are the chances that PNC secured credit card of 500 application will be rejected?
I just applied for a secure credit card(500) at PNC what are the chances i get rejected.
I had the same problem as you and I’m glad you are proactive to do something now and not wait till later like did to start your credit history.STOP applying credit cards now you will be denied because you have no history and you will lose points because of all the attempts. Go to a local small furniture store in your area and talk to someone there about your situation and attempt to open credit by paying 50% or more of the purchase price of the item you buy to open credit with. You may also add yourself to the credit card of someone you know for awile to establish credit.
citibank lost my application for a secured credit card, what do i do now?
they already have take the funds from my checking account but they cant find my information anywhere. It has been 3 weeks now and im still not in the system
Directly related to your credit score
All credit card applications are being denied.. even secured ones!?
I’m 18 years old and I’ve been looking to establish a credit history. I’ve been self-employed for the past 6 years with a website development business along with a mobile DJ business. Because I was underage, I’ve been unable to officially register my company until now, which means this will be my first year filing a W2 and other tax paperwork.
I applied for a standard credit card and we rejected because I didn’t have any credit history attached to my social security, which is fair.
However, I then applied for a Citi secured card and was denied on the grounds that they “could not verify the address or Social Security Number that you provided”. I sent Citi a copy of my most recent bank statement as well as a copy of my drivers license, but obviously that wasn’t enough. They did give me the option of sending more information (W2 forms, pay stubs, drivers license (again), utility bills, etc), but I am assuming that it will be quite useless because my Bank of America secured credit card application was just denied on the same grounds.
Is it impossible to even get a secured card without having ever filed a W2? I know that the credit card industry has gotten tight, and I understand why they’ve done that, but a secured card is quite different than an unsecured card. I’d assume that they would put me on board, keep tabs on my payment history, and then ask me to submit income and all that information sometime in the future when they wanted to convert me to an unsecured card.
Any information/advice is appreciated! I’m just entering my senior year, so student cards aren’t within reach yet.
Ask Citibank to return your money. Or file a fraud dispute with your bank and try to get the funds returned.